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Commonwealth Bank Awards

Commonwealth Bank Awards

3.5 from 86 reviews · View Statistics
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Pros

  • Entry-level credit limit of $500 minimum

  • Low $59 Annual Fee

Cons

  • High Balance Transfer Rate (5.99%)

  • Awards points earn rate capped at 50,000 per annum

Details

CategoryBalance Transfer Credit Cards and Rewards Credit Cards
Card TypeMastercard
Minimum Credit Limit $500
Additional Cardholder Fee $10 p.a.
Minimum Repayments2%
Rewards ProgramCommBank Awards
Points Earn Rate 1 points per $1
Points Conditions
  • 1 Awards point per $1 spent using your Mastercard.

This is capped at 50,000 points per year.

You can opt to automatically transfer your Awards points to Qantas Frequent Flyer points. The conversion rate is 2.5 Awards points for 1 QFF point. Additional fees may apply.

Contactless PaymentsApple Pay, Fitbit Pay, Garmin Pay, Google Pay and Samsung Pay
Rates & Fees
Purchase Rate20.24% p.a.
Cash Advance Fee3%
Late Payment Fee$20
Annual Fee$59 p.a.
Foreign Transaction Fee 3%
Overseas ATM Withdrawal Fee$3
Interest Free Period 55 days
Cash Advance Rate21.24% p.a.
Balance Transfer Rates
Balance Transfer Period 5 months
Balance Transfer Rate 5.99% p.a.
Release dateJune 2007
Visit official website

Reviews

  • Transparency
    4.5 (26)
  • Customer Service
    4.7 (26)
  • Rates and Fees
    4.1 (25)
  • Rewards
    4.3 (21)
  • Online Experience
    4.8 (24)
  • Application Process
    4.6 (19)
Previous
Next
Anita
AnitaSouth East Queensland, QLD

Great until you make a mistake - then unable to help :(

published

I accidentally ordered too many of an item with my awards points. This was on the weekend - outside of business hours, so I couldn’t call to rectify this. Called the next business day - I was very politely informed that it was too late; sorry, already processed and nothing they could do. Very disappointing. I made a mistake, but there was no avenue to rectify it. A very unforgiving system.

Incentivised Review No
Main Point of ContactPhone
Card / Account Used For
  • Everyday Expenses
Channa
ChannaGreater Melbourne (Outer), VIC

Excellent customer service

published

I ordered garden equipment using my award points. All items arrived except the leaf blower. When I inquired, to my surprise, i was told the item was delivered 10 days back to my address. As I did not get it, I asked for the acknowledgement for the delivery. I was then told due to the current epidemic deliveries are not acknowledged and I almost lost hope of getting it. However, the awards team within two days arranged the delivery and I received it yesterday. I am extremely pleased with the way they handled my case.

Transparency
5/5
Customer Service
5/5
Incentivised Review No

Low minimum credit limit

published

Good entry level card. The low minimum credit limit of $500 makes it accessible for those times when you need an actual credit not debit card for hotel stays etc. Not really any other benefits of this particular card to mention.

Transparency
3/5
Customer Service
3/5
Sal
SalSydney, NSW
  • 5 reviews

Great. Love the rewards program

published

Great card. Always pay by the die date, therefore no interest charges plus the benefit of rewards. Benefit of supplementary card for an additional $10 and only $59 annual fee

Transparency
5/5
Customer Service
5/5
Similar opinion? Write a review on ProductReview.com.au!

The reviewer stated that an incentive was offered for this review

Balance Transfer Credit Cards

Find out how Commonwealth Bank Awards compares to other Balance Transfer Credit Cards

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Jonah G.
Jonah G.Sydney, NSW

Does the job

published

The great thing about the CommBank awards card is the convenience in online mobile banking. The awards themselves arnt that interesting for the amount you have to spent to redeem them.

Transparency
3/5
Customer Service
5/5
Similar opinion? Write a review on ProductReview.com.au!

The reviewer stated that an incentive was offered for this review

MelissaF
MelissaFRyde
  • 6 reviews
  • 1 like

nothing special!

published

I find The awards program really isnt very exciting as you need to spend a fortune to get anything, I spent ALOT of money and for barely anything in return!!! The redemption process is simple once you finally work up enough points, but again, not worth the time! Not worth it, I feel theres a lot of better deals on the market!

Transparency
4/5
Customer Service
4/5
Dabas
DabasSydney, NSW

Decent Card

published

I have been using the CBA card since 2013. It's quick in transferring money to this credit card and the customer service is impeccable. Its a decent card to have .

Transparency
5/5
Customer Service
5/5
Similar opinion? Write a review on ProductReview.com.au!

The reviewer stated that an incentive was offered for this review

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Moh A.
Moh A.Sydney, NSW
  • 12 reviews

Commonwealth credit card

published

You would pay Standard fees.
Easy to transfer balance to credit card
Rewards given by commonwealth credit card are minimum
Not very satisfied with rewards and points scheme.
Try getting offers from other banks

Incentivised Review No
Ivanna
IvannaPerth, WA
  • 12 reviews
  • Verified

Fantastic Awards

published

Been with Commbank my whole life and would never change.
Based on my experience using Commonwealth Awards creditcard makes it easier. The cons would be the international fee charge which is quite high!
I find it relatively easy to transfer my balance to the creditcard. The app is super!
Satisfied with the costumer service (answered all my queries), conveniency with Commonwealth bank (branches nearby), getting rewarded for using it and claiming the awards made easy.
It is easy to accumulate points and simple to redeem them.

Transparency
5/5
Customer Service
5/5
Balance Transfer Credit Cards

Find out how Commonwealth Bank Awards compares to other Balance Transfer Credit Cards

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Ken
Ken
  • 5 reviews

Functional and straightforward

published

I have been using the CBA card since 2013. It's quick in transferring money to this credit card and the customer service is impeccable. but I'm not too happy with the annual fee.

Transparency
4/5
Customer Service
5/5
Similar opinion? Write a review on ProductReview.com.au!

The reviewer stated that an incentive was offered for this review

ARAVIND R.
ARAVIND R.Greater Melbourne (Metropolitan), VIC

Good Card

published

I have been using the CBA card for the 4 years. The customer services is good but I don’t like annual fee. Also CBA used to give for Amex 2 points for $1 spent but they get rid of it.

Transparency
3/5
Customer Service
4/5
Similar opinion? Write a review on ProductReview.com.au!

The reviewer stated that an incentive was offered for this review

Eraj
ErajMelbourne
  • 3 reviews

Great card from a great bank!

published

I've been banking with CBA for all of my financial life and my awards card has helped me reward myself with a range of different items! App is user friendly :)

Transparency
4/5
Customer Service
4/5
Similar opinion? Write a review on ProductReview.com.au!

The reviewer stated that an incentive was offered for this review

Balance Transfer Credit Cards

Find out how Commonwealth Bank Awards compares to other Balance Transfer Credit Cards

Know better, choose better.

Compare all
Mohamed H M Yoosuf
Mohamed H M YoosufGreater Melbourne (Inner), VIC
  • 13 reviews
  • 4 likes
  • Verified

A simple and beneficial CBA Awards MasterCard

published

I used this card with $5000 limit to pay all my bills and purchases. Initially a bonus reward of 30,000 points was given which I used to purchase $150 worth of Caltex fuel cards. Every month I have been given more reward points to purchase many gift cards. Annual fee also low and have a 55 days interest-free period.

Transparency
5/5
Customer Service
5/5
Maggie
MaggieGreater Melbourne (Inner), VIC
  • 6 reviews
  • 2 likes

Love CBA standard Visa

published

How good are CBA ... they send me a text three days before my payment is due reminding me to pay on time and if that is not enough I have been informed that they have waived the annual fee this year. No complaint from me. And I don't even have a CBA bank account.

Transparency
4/5
Customer Service
4/5
Canberra Daddy
Canberra DaddyKingston 2604, ACT
  • 23 reviews
  • 22 likes

This is my everyday credit card

published

Partner and I have 2 COMBANK Mastercard Diamond cards on the one account with a large limit. I pay all bills and spend about $5,000 per month, converting all award points to QANTAS. After 5 years I have accumulated enough Qantas Points to buy 2 around the world business class tickets, mostly as a result of this card. I did not transfer any balance to this card but very satisfied with the rewards and the ease of transfer to QANTAS. I pay card off in full every month. The NETBANK App and website are very easy to use.

Transparency
5/5
Customer Service
5/5
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